NIWOT, Colo., Mar 01, 2011 (BUSINESS WIRE) --
Crocs, Inc. (NASDAQ: CROX) announced today that the United States
District Court for the District of Colorado yesterday entered an Order
granting Crocs' motion to dismiss the plaintiffs' Corrected Amended
Consolidated Class Action Complaint in In re Crocs, Inc. Securities
Litigation, Civil Action No. 07-cv-02351-PAB. This litigation started in
2007, when various plaintiffs filed federal securities class action
claims against the company and some of the company's current and former
officers and directors. The Order dismissed all claims and ends the
consolidated class action litigation that had been pending in the
federal court.
"We are gratified that the Court granted our motion to dismiss in its
thorough opinion. Crocs is moving forward with a focus on our business,"
said Daniel Hart, Crocs' Executive Vice President, Chief Legal &
Administrative Officer.
A copy of the Order is available on the Court's website. Following entry
of a judgment, plaintiffs will have the right to file an appeal.
To learn more about Crocs
or to find a Crocs store near you, visit Crocs.com.
About Crocs, Inc.
A world leader in innovative casual footwear for men, women and
children, Crocs, Inc. (NASDAQ: CROX), offers several distinct shoe
collections with more than 250 styles to suit every lifestyle. As
lighthearted as they are lightweight, Crocs(TM) footwear provides profound
comfort and support for any occasion and every season. All Crocs(TM)
branded shoes feature Croslite(TM) material, a proprietary, revolutionary
technology that produces soft, non-marking, and odor-resistant shoes
that conform to your feet.
Crocs(TM) products are sold in 125 countries. Every day, millions of Crocs(TM)
shoe lovers around the world enjoy the exceptional form, function,
versatility and feel-good qualities of these shoes while at work, school
and play. Visit www.crocs.comfor additional information.
SOURCE: Crocs, Inc.
Crocs, Inc.
Shelley Weibel, 303-848-7197
sweibel@crocs.com